It follows on from recent reports on the state of UK productivity in relation to fellow G7 countries, where despite spending longer times at work, only a minority of people feel they are more productive.
Having been referenced by the Chancellor in his 2016 budget, the plan consists of five principal objectives which are underpinned by a series of measurable recommendations:
- Enhancing company reporting for efficient capital allocation
- Enhancing investor stewardship and engagement
- Simplifying behavioural incentives and the investment chain
- Developing efficient and diverse capital markets
- Overcoming tax and regulatory impediments to the provision of long term finance.
It is hoped that this plan will combat “some of the most serious causes of short-term thinking in the British economy”.
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